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@Sparky
Forks are decent - I replaced the originals with RockShox Reba RL Dual Air 100mm.
Just priced up Shimano rear mech with clutch, shifter pod with mount for my Hope brake, set of Pro2 wheels, XT crankset and Hope ring with integrated guard, wide-range cassette, chain and cables - came out at £740.
Would be able to sell rings from cranks and current (pretty much new, but OTT) Hope XM721 front wheel for ~£150, so about £600...
Too much for me right now, by far, but would leave me pretty chuffed. Plus I could just get hubs built onto new rims at some point if I wanted to go 29 - leaving me with just a frame and forks to buy.